PE-backed Mister Car Wash acquires Auto Spa Express
Mister Car Wash, a portfolio company of Canadian private equity firm Penfund, has bought Auto Spa Express, a car wash and detail centre located in Aurora, Colorado. No financial terms were released. As a result of this and other recent acquisitions, Mister Car Wash now operates 160 car wash locations in 19 states. Penfund invested US$15.1 million of debt and equity in the Tucson, Arizona-based company in 2014, several months after it was acquired by Leonard Green & Partners. Mister Car Wash was previously owned by ONCAP.
19 November 2015•2 mins read
